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Industrial Facility Leased to Cintas

138 Bracken Rd Montgomery, NY 12549

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Single-tenant industrial facility in Montgomery, NY, leased to Cintas.

Type:INDUSTRIAL
Property size:
12,928 SF
Lot size:
2.09 Acres
Price / SF:
$221/SF
Added:
May 20, 2026
Days on Market:
54
Last Refresh:
Jun 30 at 12:51 pm

Property Features for 138 Bracken Rd

General Information

Standard status
Active
Size
12,928 SF
Lot size
2.09 Acres
Property subtype
INDUSTRIAL

Listing office SAB

Listing date May 20, 2026

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SAB


Investment Insights

Based on property information with market context.

The property is a single-tenant industrial facility leased to Cintas Uniform Services, situated at 138 Bracken Road in Montgomery, New York. The facility encompasses approximately 12,928 square feet and is located on roughly 2.09 acres within an established industrial area in the Hudson Valley region. The building's layout includes approximately 10,428 square feet of warehouse space and 2,500 square feet of office space, designed to support logistics and service operations. The property is fully leased to Cintas Uniform Services under a NN+ lease agreement, with the landlord's responsibilities limited to the roof and structural components. The lease began on July 1, 2009, and is set to expire on June 30, 2033, leaving over seven years of remaining term with annual rent increases of 2.5%. Following a significant parking lot replacement and expansion, Cintas executed an eight-year lease extension, demonstrating a long-term commitment.

Key Highlights

  • Mission‑critical, single‑tenant industrial facility 100% leased to Cintas Uniform Services
  • Over seven years of remaining lease term expiring June 30, 2033, with 2.5% annual rent escalations
  • NN+ lease structure with limited landlord responsibilities (roof and structural components)

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $243.6k $18.84
− Vacancy −$11.7k −$0.90
EGI $231.9k $17.94
− OpEx −$81.2k −$6.28
NOI $150.7k $11.66
12,928 SF · lease $18.84/SF/yr · vacancy 4.80% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$2.15M
$1.88M – $2.51M (±1% cap)
NOI $150,717 @ 7.0% cap · market cap 5.25%
Second Best
Warehouse
$1.83M
$1.60M – $2.13M (±1% cap)
NOI $128,055 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M (±1% cap)
NOI $306,499 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cintas Uniform Services (Bike/Boat/Book/etc) Store Cintas Facility Services Big Box & Wholesale Store

Suggested Use

Building Supply Bakery Catering Service Computer & Electronic Repair Pet Grooming Service Florist Storage Facility Daycare Center Auto Parts Store Law Firm

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Barbecue Specialists — 886 NY-17K, Montgomery, NY 12549

FAQs

What type of property is this?
Flex space - Single-tenant industrial facility in Montgomery, NY, leased to Cintas.
Where is this flex space located?
The property is located at 138 Bracken Rd Montgomery, NY.
What is the asking price?
The asking price for this property is $2,869,565.
What are key features of this property?
This property features: Mission‑critical, single‑tenant industrial facility 100% leased to Cintas Uniform Services; Over seven years of remaining lease term expiring June 30, 2033, with 2.5% annual rent escalations; NN+ lease structure with limited landlord responsibilities (roof and structural components)
Contact an agent
(646) 809-8856 Call to check price and availability
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